Key ideas:
- It was a mixed Sunday session for the top ten crypto. BNB bucked the trend, while DOGE and XRP led the decline.
- Crypto market headwinds weighed on investor sentiment, with recession fears and concerns about exchange liquidity leaving volumes on the light side.
- The crypto market capitalization fell $1.01 billion to end the week at $768.81, a loss of $37.07 billion for the week.
It was a mixed Sunday session for the crypto top ten. bnb led the way, while and DOGE Y XRP fought One session left with range limit BTC it fell short of $17,000 for the second time since November 29.
Investor nervous about a Binance the liquidity crisis eased further on Sunday, supporting the recovery of BNB.
However, cryptocurrency headwinds left investors on the sidelines, and cryptocurrency market uncertainty pushed volumes to low levels. Regulatory risk, recession fears, and concerns about more fallout from the FTX crash have left the crypto market capitalization at less than $800 billion.
Today, there are no US economic indicators for investors to consider, leaving the news wires and the NASDAQ index to provide guidance. The NASDAQ mini rose 11.50 points this morning, providing early support.
Crypto Market Moves Sideways Due to Investor Uncertainty and Low Volumes
Range bound during the session on Sunday, the crypto market capitalization fell to a late morning low of $761.91 billion before rising to a late morning high of $775.89 billion.
Investors received no signals from the news wires to provide direction, causing headwinds in the cryptocurrency market to leave it range bound.
A late recovery left the crypto market cap down a modest $1.01 billion to end the week at $768.61 billion. Over the week, the crypto market capitalization fell $37.07 billion.
The top ten crypto market movers and shakers and beyond
It was a mixed Sunday session for the top ten crypto.
DOGE Y XRP (-1.35%) led the way down, with losses of 1.01% and 1.35%, respectively.
ADA (-0.37%), BTC (-0.23%), ETH (-0.32%), and MATIC (-0.47%) also saw red, while bnb bucked the trend of the top ten, rising 3.67%.
From the CoinMarketCap top 100, it was a mixed session.
Toncoin (TON) led the way, rallying 7.84%, with binance coin (bnb) and shiba inu coin (shib) among the favourites. SHIB increased by 3.26%.
However, filecoin(FIL) decreased by 4.68 %, with algorand (SOMETHING) and GMX (GMX) falling by 3.34% and 3.55%, respectively.
24-hour sell-offs slide as market moves sideways
For 24 hours, crypto settlements continued to fall as volumes fell on investor uncertainty.
At the time of writing, 24-hour settlements stood at $18.16 million, up from $32.57 million on Sunday morning.
Traders liquidated in the last 24 hours also decreased. At the time of writing this report, traders settled stood at 6,802 compared to 16,669 on Sunday morning. Settlements decreased by one hour while they increased by four and 12 hours.
According to coin purse, 12-hour sales increased from $7.48 million to $8.38 million, with four-hour sales of $3.86 million to $4.13 million. However, one-hour settlements fell from $3.60 million to $0.842 million.
The following chart shows the market conditions throughout the session.
